Patriot Financial Group Insurance Agency LLC Buys 10,080 Shares of Duke Energy Corporation $DUK

Patriot Financial Group Insurance Agency LLC raised its stake in Duke Energy Corporation (NYSE:DUK) by 109.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,276 shares of the utilities provider’s stock after acquiring an additional 10,080 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Duke Energy were worth $2,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. A4 Wealth Advisors LLC increased its holdings in shares of Duke Energy by 3.3% in the fourth quarter. A4 Wealth Advisors LLC now owns 2,597 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 82 shares in the last quarter. Elm Partners Management LLC raised its position in Duke Energy by 0.9% in the 4th quarter. Elm Partners Management LLC now owns 9,254 shares of the utilities provider’s stock worth $1,085,000 after purchasing an additional 83 shares during the last quarter. CYBER HORNET ETFs LLC lifted its holdings in Duke Energy by 4.1% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 2,113 shares of the utilities provider’s stock worth $261,000 after buying an additional 83 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its position in Duke Energy by 35.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 324 shares of the utilities provider’s stock valued at $38,000 after buying an additional 84 shares during the last quarter. Finally, Sovereign Financial Group Inc. boosted its position in Duke Energy by 2.8% in the 1st quarter. Sovereign Financial Group Inc. now owns 3,052 shares of the utilities provider’s stock valued at $400,000 after buying an additional 84 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.0%

NYSE:DUK opened at $128.35 on Monday. Duke Energy Corporation has a 1 year low of $113.89 and a 1 year high of $134.49. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The stock has a market cap of $100.06 billion, a price-to-earnings ratio of 19.66 and a beta of 0.39. The stock has a 50-day moving average price of $124.98 and a two-hundred day moving average price of $124.39.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.Duke Energy’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 EPS. As a group, equities analysts expect that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Friday, May 15th were given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, May 15th. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.

Duke Energy News Summary

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke Energy is being highlighted as a defensive stock in a higher-inflation, higher-rate environment, which can attract income-oriented investors looking for stability and dividends. Buy 4 Defensive Stocks as Inflation Hits Highest Level in 3 Years
• Positive Sentiment: Mizuho reiterated an Outperform rating on Duke Energy, saying it can execute despite near-term regulatory challenges; the firm also maintained a higher price target than the current trading range. Mizuho Says Duke Energy (DUK) Can Execute Despite Near-Term Regulatory Challenges
• Positive Sentiment: Duke Energy’s efforts to harden the grid ahead of hurricane season, including “self-healing” upgrades, could support reliability and reduce outage risk over time. Duke Energy prepares for hurricane season with “self-healing” upgrades
• Neutral Sentiment: The company is also being discussed as a high-dividend blue-chip utility, reinforcing its appeal as a steady income name rather than a growth stock. Is Duke Energy (DUK) One of the Best S&P 500 Stocks to Buy for Dividends?
• Negative Sentiment: North Carolina’s attorney general still says Duke’s revised request for an 11.6% rate hike is too high, keeping regulatory pressure front and center for the stock. Duke Energy cuts proposed NC rate hike to 11.6%, still too high, AG says
• Negative Sentiment: Fresh headlines about a lawsuit over Duke’s solar procurement pause and local service disruptions, including an Asheville outage, add to concerns about operations and public scrutiny. Lawsuit targets Duke Energy solar pause that could raise customer bills Power outage hits downtown Asheville; underground equipment damaged: Duke Energy
• Negative Sentiment: Community pushback in places like Clearwater and Swain County over Duke projects suggests continued local resistance that could slow development or raise costs. Clearwater considers replacing Duke Energy with city-owned electric utility Swain property owners express Duke Needmore route concerns

Insider Activity at Duke Energy

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction on Monday, May 11th. The shares were sold at an average price of $125.15, for a total value of $438,025.00. Following the sale, the chief executive officer directly owned 21,415 shares in the company, valued at approximately $2,680,087.25. The trade was a 14.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Harry K. Sideris sold 20,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the transaction, the chief executive officer owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. This represents a 17.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DUK shares. JPMorgan Chase & Co. dropped their target price on Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Mizuho decreased their price target on Duke Energy from $139.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research report on Monday, May 4th. Capitol Sec Mgt cut Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, UBS Group cut their target price on shares of Duke Energy from $137.00 to $135.00 in a research report on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $138.33.

Duke Energy Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.